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"Xi and the CCP/Chinese Government make a bid to buy Google, for a 20% premium." If this were to happen, the bid would be reviewed by the CFIUS -- https://home
by bewaretheirs 5y ago
"Xi and the CCP/Chinese Government make a bid to buy Google, for a 20% premium."
If this were to happen, the bid would be reviewed by the CFIUS -- https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius https://home.treasury.gov/policy-issues/international/the-co... ; based on the review, the transaction could be blocked by executive order.
- jollybean 5y agoOf course it would not pass muster, which is my point. There is a giant 'non market force' at play there a certain kind of regulatory apparatus which most people understand exists for good reason. This regulatory condition obviously supercedes 'fiduciary responsibility' of the Board. Communications is a protected industry because powerful foreign interests can take control of narratives, precisely because people in the commons - including you and I - are fairly easily pursuaded. 'Truth' is really hard to do, it's a public good and it's why at the national level we have protections - and - it's why both Twitter, Google etc. as 'sources of information' fall under a different perspective of governance than say, a 'cracker company'.
- systemvoltage 5y agoI know you're arguing in good faith but don't you think putting crazy hypotheticals like Xi buying any US company is a little silly? There are probably better examples to further your point.